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Japan inflation edges up in Nov, but spending, wages fall
China urged the Japanese government Thursday to stick to the path of peaceful development, after Japanese Prime Minister Shinzo Abe’s cabinet approved Japan’s largest defense budget.
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But the official said the latest military budget, which was requested in August, does not yet reflect the new legislation and the ministry will study if the new laws will require bigger budgets in future years.
The plan includes support for child-raising such as subsidises for baby-sitter fees and preschool education, as well as care for the elderly, following a 3.3 trillion yen extra budget for this fiscal year, unveiled last week.
The defense budget increase apparently targets China since Japan has always considered China a threat and is deeply concerned over China’s rise, Lian Dehuai, deputy director of the Center for Asia-Pacific Studies at the Shanghai Institutes for International Studies, told the Global Times.
Various media reports added that part of the sum is expected to be allocated to the purchase of new weaponry from the U.S., including surveillance drones, F-35 fighter jets, as well as paying for submarine construction projects.
9 %.Incomes fell 1.four % from the yr before, suggesting corporations usually are not heeding appeals by Prime Minister Shinzo Abe & different leaders to raise wages & improve funding inside Japan.
The budget reveals that Japan’s defense ministry is eyeing new early warning aircraft, and new aerial refueling tankers.
The increased budget also includes funding for the planned relocation of a United States military base on Okinawa island, which is facing heated opposition from the local population. The increase is also a record for the country.
Japan pays ¥193 billion for about 50,000 USA troops stationed in Japan under their bilateral security treaty, more than half of them on Okinawa – a major source of friction between the central government and the southern island, which is frustrated with the decades-long burden.
In a bid to step up its island defense, Japan is also purchasing a fleet of 17 SH-60K home-made helicopters and 36 maneuver combat tanks as well as amphibious vehicles. If you would like to discuss another topic, look for a relevant article.
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